S.C Ban Order & Bullsih Crab on Ashok Leyland, So Whats Next ?
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Hi,
Supreme Court imposes ban on sale of BS-III vehicles from April 2, As a reaction Ashok leyland fallen sharply and completed a beautiful bullish CRAB Pattern.
It's worth to mention, recovery was so good and sharp with RSI divergence. (Assume structure has shown RSI BAMM, need to verify it).
It tested all the figures on PRZ during the fall and bounced back sharply and closed inside the channel.
On Technical Perspective, i have two targets for Ashok Leyland (61.8% and 127.2% of CD leg)
Target 1 - 88.7
Target 2- 95.9
Stop loss would be 2 XA = 78.8
Trade with Care
Gulz
Supreme Court imposes ban on sale of BS-III vehicles from April 2, As a reaction Ashok leyland fallen sharply and completed a beautiful bullish CRAB Pattern.
It's worth to mention, recovery was so good and sharp with RSI divergence. (Assume structure has shown RSI BAMM, need to verify it).
It tested all the figures on PRZ during the fall and bounced back sharply and closed inside the channel.
On Technical Perspective, i have two targets for Ashok Leyland (61.8% and 127.2% of CD leg)
Target 1 - 88.7
Target 2- 95.9
Stop loss would be 2 XA = 78.8
Trade with Care
Gulz
Transaction en cours
good move from the channel bottomTransaction en cours
finally impulses hereTransaction en cours
Target 1 is closeTrade fermée: cible de profit atteinte
Target 1 reached , holding for 2nd ( risk free trade)Trade fermée: cible de profit atteinte
Here is the daily chart Note
A Hammer formed on 4 hr chart, watch out next candle Trade fermée: cible de profit atteinte
oh - very close to second target - bullish crab worked well.Trade fermée: cible de profit atteinte
2nd target also hit
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